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Centerspace (Centerspace) 3-Year Dividend Growth Rate : 1.40% (As of Mar. 2024)


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What is Centerspace 3-Year Dividend Growth Rate?

Centerspace's Dividends per Share for the three months ended in Mar. 2024 was $0.75.

The historical rank and industry rank for Centerspace's 3-Year Dividend Growth Rate or its related term are showing as below:

CSR' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -18.6   Med: 1.2   Max: 37.8
Current: 1.4

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Centerspace was 37.80% per year. The lowest was -18.60% per year. And the median was 1.20% per year.

CSR's 3-Year Dividend Growth Rate is ranked worse than
56.91% of 499 companies
in the REITs industry
Industry Median: 2.4 vs CSR: 1.40

During the past 12 months, Centerspace's average Dividends Per Share Growth Rate was 0.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 1.40% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 1.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -7.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Centerspace's Dividend Payout Ratio for the three months ended in Mar. 2024 was 0.00. As of today, Centerspace's Dividend Yield % is 4.34%.

Warning Sign:

Centerspace stock dividend yield is close to 1-year low.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of Centerspace's 3-Year Dividend Growth Rate

For the REIT - Residential subindustry, Centerspace's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Centerspace's 3-Year Dividend Growth Rate Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Centerspace's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Centerspace's 3-Year Dividend Growth Rate falls into.



Centerspace 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Centerspace  (NYSE:CSR) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Centerspace's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2024 )/ EPS without NRI (Q: Mar. 2024 )
=0.75/ -0.331
=N/A

During the past 13 years, the highest Dividend Payout Ratio of Centerspace was 34.21. The lowest was 0.32. And the median was 9.18.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Centerspace Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.7500002024-03-272024-03-282024-04-08Cash DividendquarterlyUSD:USD 1.000000
USD 0.7300002023-12-282023-12-292024-01-12Cash DividendquarterlyUSD:USD 1.000000
USD 0.7300002023-09-282023-09-292023-10-10Cash DividendquarterlyUSD:USD 1.000000
USD 0.7300002023-06-292023-06-302023-07-10Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Centerspace's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=2.94/67.74
=4.34 %

Current Share Price is $67.74.
Centerspace's Dividends per Share for the trailing twelve months (TTM) ended in Today is $2.94.

During the past 13 years, the highest Dividend Yield of Centerspace was 9.11%. The lowest was 2.56%. And the median was 5.17%.

Warning Sign:

Centerspace stock dividend yield is close to 1-year low.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Centerspace 3-Year Dividend Growth Rate Related Terms>


Centerspace (Centerspace) Business Description

Industry
Traded in Other Exchanges
Address
3100 10th Street SW, Post Office Box 1988, Minot, ND, USA, 58702-1988
Centerspace is a real estate investment trust (REIT) that focuses on the ownership, management, acquisitions, redevelopment, and development of apartment communities. The company operates through a single reportable segment, and it owns properties in the following states: Minnesota, Colorado, North Dakota, Nebraska, South Dakota, and Montana. Rental income represents the company's main source of revenue, and properties owned in Minnesota, Colorado, and North Dakota represent the majority of the firm's commercial presence.
Executives
Decker Mark Okey Jr director, officer: President, CEO and CIO 10414 NEW ASCOT DRIVE, GREAT FALLS VA 22066
John A Schissel director 1750 H STREET, SUITE 500, COLUMBIA EQUITY TRUST, INC., WASHINGTON DC 20006
Mary J Twinem director 5500 WAYZATA BLVD., SUITE 1600, MINNEAPOLIS MN 55416
Emily Nagle Green director CASELLA WASTE SYSTEMS, 25 GREENS HILL LANE, RUTLAND VT 05701
Rodney Jones-tyson director C/O 3100 10TH STREET SW, POST OFFICE BOX 1988, MINOT ND 58702-1988
Michael T Dance director C/O INVESTORS REAL ESTATE TRUST, 1400 31ST AVE. NW,, MINOT ND 58702
Bhairav Patel officer: SVP, Finance 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
John Kirchmann officer: EVP and CFO 800 LASALLE AVENUE, SUITE 1600, MINNEAPOLIS MN 55402
Anne Olson officer: COO, Gen Counsel and Secretary 800 LASALLE AVENUE, SUITE 1600, MINNEAPOLIS MN 55402
Jeffrey Caira director 1400 31ST AVENUE SW, SUITE 60, MINOT ND 58701
Linda J. Hall director 1400 31ST AVENUE SW, SUITE 60, MINOT ND 58701
Nancy B Andersen officer: SVP& Principal Accting Officer 1400 31ST AVENUE SW, SUITE 60, MINOT ND 58701
Timothy P Mihalick director, officer: President and CEO 1400 31ST AVENUE SW, SUITE 60, MINOT ND 58701
Jeffrey L Miller director 1400 31ST AVENUE SW, SUITE 60, MINOT ND 58701
Terrance P Maxwell director 1400 31ST AVE SW, SUITE 60, MINOT ND 58701